Gannett Co. Given New $25.00 Price Target at UBS AG (GCI)
Investment analysts at UBS AG decreased their price objective on shares of Gannett Co. (NYSE:GCI) from $27.00 to $25.00 in a note issued to investors on Wednesday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price would suggest a potential downside of 0.44% from the stock’s previous close.
Gannett Co. (NYSE:GCI) traded down 3.98% during mid-day trading on Wednesday, hitting $24.11. 1,845,124 shares of the company’s stock traded hands. Gannett Co. has a 1-year low of $16.35 and a 1-year high of $27.04. The stock has a 50-day moving average of $25.39 and a 200-day moving average of $23.6. The company has a market cap of $5.525 billion and a P/E ratio of 13.00.
Gannett Co. (NYSE:GCI) last released its earnings data on Monday, July 22nd. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Gannett Co. will post $2.16 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Gannett Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note to investors on Monday, July 29th. They now have a $27.00 price target on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Gannett Co. from $29.00 to $30.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.95.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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